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Dec 27, 2012
12/12
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. >>> president obama will spend the night aboard airforce 1 making a red-eye trip from hawaii to washington. when he arrives on thursday, it's right back to budget negotiations with the fiscal cliff deadline less than a week away. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capital. the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agencies didn't expect it to come to this. i
. >>> president obama will spend the night aboard airforce 1 making a red-eye trip from hawaii to washington. when he arrives on thursday, it's right back to budget negotiations with the fiscal cliff deadline less than a week away. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capital. the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax...
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Dec 27, 2012
12/12
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CSPAN
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obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept them out of the budget, was not paying for them, so things looked good. in the first few years of the obama administration, he created more jobs than george bush did in eight years. george bush's comment was the surpluses are for spending. he put us in massive debt, left it on obama. these people sit here and watch these idiots on tv say these things are not true. and then they go and push based on what they're hearing instead of looking into the fact of the matter. host: mr. forbes? guest: i did make mention that spending did increase dramatically under george bush. no matter how you account for the wars, domestic spending under president obama increased very substantially to the point that it is the highest it has been without a world war. that is why we're getting these massive deficits today. we have never had anything like this without a major war. you can righ
obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept them out of the budget, was not paying for them, so things looked good. in the first few years of the obama administration, he created more jobs than george bush did in eight years. george bush's comment was the surpluses are for spending. he put us in massive debt, left it on obama. these people sit here...
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Dec 27, 2012
12/12
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FOXNEWSW
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when you study the obama budget that would increase to 32%. that's where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. it's not just about defense or discretionary. >> is there any indication the president's deal, that he may come back with, will address spending? i haven't heard substantial spending cuts out of any deals on the left. >> absolutely you are not hearing that whatsoever. when i listen to senator chuck schumer say the president ran on raising taxes and says he won, we should do that, i have to tell you i'm not such and idiotic person to follow someone off into the abyss. this is a political gimmick the president ran on. he did win the election but when you look at the house, the republicans maintain their majority there and that's where revenue bills emanate from. >> we have to leave it there. always great to have you. >> happy new year. >> you too. amid all this fighting in washington, my next guest has a plan to fight the nation's debt and it doesn't rely on congress at a
when you study the obama budget that would increase to 32%. that's where the problem has to i am emanate from. the spending side of our budget is 62% of what we spend money on. it's not just about defense or discretionary. >> is there any indication the president's deal, that he may come back with, will address spending? i haven't heard substantial spending cuts out of any deals on the left. >> absolutely you are not hearing that whatsoever. when i listen to senator chuck schumer...
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Dec 27, 2012
12/12
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KPIX
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. >>> president obama will spend the night aboard air force 1, making a red eye trip to washington. with the fiscal cliff deadline less than a week away. what it all means for your paycheck. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capitol. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned. in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and
. >>> president obama will spend the night aboard air force 1, making a red eye trip to washington. with the fiscal cliff deadline less than a week away. what it all means for your paycheck. >> reporter: as the president wrapped up his vacation, federal workers trickled back into the nation's capitol. but the only people who can avert the fiscal cliff, members of the house and senate, have not returned. in just six days, a 2% payroll tax is set to expire, along with the bush-era...
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Dec 27, 2012
12/12
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WBAL
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after spending part of his christmas holiday visiting troops in hawaii, president obama to resume but the talks. congressional aides said the holiday did not bring much progress and form on the initiations have yet to be scheduled. the senate is to attend the session thursday. when the house will reconvene is still uncertain. >> we were talking about the debt ceiling and it came down the 12 hour, the final few minutes before the deadline to get a full-fledged a grim past. >> some economists fear the combination of budget cuts and higher taxes could trigger another recession, as consumers cut back on spending. others said the deadline is not as firm. congress could pass a temporary measure early in the new year doubled will back any changes. political analysts warn some consequences may be immediate. there may be a tremendous response from financial markets and the stock market. that would alarm everybody. stock prices are hearty dropping friday after a plan -- are already dropping after a plan. a poll shows nearly half of americans are doubtful the sides can settle their differences.
after spending part of his christmas holiday visiting troops in hawaii, president obama to resume but the talks. congressional aides said the holiday did not bring much progress and form on the initiations have yet to be scheduled. the senate is to attend the session thursday. when the house will reconvene is still uncertain. >> we were talking about the debt ceiling and it came down the 12 hour, the final few minutes before the deadline to get a full-fledged a grim past. >> some...
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Dec 28, 2012
12/12
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WUSA
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in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere. >> reporter: back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk will with far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem. they don't want chaos. it sounds good, everybody will double or about triple the price but nobody's going to pay for it. >> shoppers couldn't understand why congress couldn't solve
in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere....
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Dec 27, 2012
12/12
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KPIX
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there are just five days left until economists say across-the- board tax increases and spending cuts threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the government from hitting the $16.4 trillion debt limit. >> new evidence the job market is improving. over the past month, the number of people seeking first-time unemployment benefits dropped to the lowest level since 2008. the labor department says weekly applications fell 12,000 to a seasonally adjusted 350,000. but experts warn the christmas holiday may have disrupted the figures. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting new year's day park meters in downtown chicago will cost $6.50 an hour. that's up from $5.75. the city leased the meters to a private c
there are just five days left until economists say across-the- board tax increases and spending cuts threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the...
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Dec 26, 2012
12/12
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FOXNEWSW
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in spending cuts and tax increases. speaker boehner even had to withdraw the so-called plan b measure in the house that would raise taxes on millionaires, but keep them low for everyone else because there just wasn't enough gop support in the house. but even after all that, the speaker says this weekend he thought lawmakers could still steer us away from the fiscal cliff. >> of course, hope springs eternal. and i know we have it in us to come together and do the right thing. we'll continue to work with our colleagues and the congress and the white house on a plan that forgets families and businesses. >> we don't know if president obama will make it back to hawaii to finish his family vacation. we're told it all depends how negotiations go. back to you. >> gretchen: peter doocy live in d.c thanks very much. >> rick: are you ready for your taxes to go up? we've been talking about the fiscal cliff and we know that potential huge tax increase for us. even if they come up with a way, your taxes are going up. >> clayton: beca
in spending cuts and tax increases. speaker boehner even had to withdraw the so-called plan b measure in the house that would raise taxes on millionaires, but keep them low for everyone else because there just wasn't enough gop support in the house. but even after all that, the speaker says this weekend he thought lawmakers could still steer us away from the fiscal cliff. >> of course, hope springs eternal. and i know we have it in us to come together and do the right thing. we'll...
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Dec 31, 2012
12/12
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CNNW
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about spending and cutting. about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now? >>> next, scandal. can you guess who made our list because of bad behavior? well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him
about spending and cutting. about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now? >>> next, scandal. can you guess who made our list because of bad behavior? well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found...
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Dec 26, 2012
12/12
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CNNW
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more than just about obama and romney, it was about socialism and capitalism, spending and cutting, about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now. >>> next, scandal. can you guess who made our list because of bad behavior? questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. [ female announcer ] live the regular life. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this
more than just about obama and romney, it was about socialism and capitalism, spending and cutting, about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now. >>> next, scandal. can you guess who made our list because of bad behavior?...
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Dec 31, 2012
12/12
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CNNW
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about spending and cutting. about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now? >>> next, scanl. can you guess who made our list because of bad behavior? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. to the best vacation sp(all) the gulf! this season, discover aleve. it doesn't matter which of our great states folks visit. mis
about spending and cutting. about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it, until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now? >>> next, scanl. can you guess who made our list because of bad behavior? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches...
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Dec 27, 2012
12/12
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KRON
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president obama has cut his vacation short and is returning to the white house now. without a budget agreement automatic tax increases for everyone and deep spending cuts will be triggered and the new year. the main dispute continues to be over taxes. americans filing unemployment last week as dropped to 350,000. futures are up right now. a letter from treasury secretary tam geithner to congress sent after the bell yesterday may also weigh on the markets. >> the woman accused of killing a grandmother and a drunk driving accident at the twin peaks without has made her first court appearance. 23 year old gina eunice is accused of a hit and run drunken-driving in vehicular manslaughter. the accident occurred three people and killed 56 year old yuee byao who was here visiting her new grandchild from china. the judge set the bail at $2 million. if she posted she must wear a scram device that checks to make sure she is not drink alcohol and is not allowed to drive. she will be back in court for arraignment on december 31st. we will be right back. >> the layout has settled
president obama has cut his vacation short and is returning to the white house now. without a budget agreement automatic tax increases for everyone and deep spending cuts will be triggered and the new year. the main dispute continues to be over taxes. americans filing unemployment last week as dropped to 350,000. futures are up right now. a letter from treasury secretary tam geithner to congress sent after the bell yesterday may also weigh on the markets. >> the woman accused of killing a...
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Dec 31, 2012
12/12
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MSNBCW
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. $1.2 trillion in federal spending cuts kick in. the payroll tax holiday enacted under president obama will expire. the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiations. what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate will get back network. when they do they won't have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still divided but just before calling it quits yesterday democratic leader harry reid said he hoped to have an announcement in the morning when senate gets back network. where are they divided inspecifically divided at what salary taxes should increase but there was progress in terms of tax increases for the wealthiest of americans, also avoiding the inheritance tax increases and democrats say that they are grateful republicans have given up a demand for cuts to social security at least for now. now this pr
. $1.2 trillion in federal spending cuts kick in. the payroll tax holiday enacted under president obama will expire. the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiations. what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate will get back network. when they do they won't have a lot of time to come up with a deal to avoid those...
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Dec 27, 2012
12/12
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WMAR
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. >> project that obama will be re-elected. >> the election was about social. >> spending cutting, about what kind role government should have in your life. >> number 1. the fiscal cliff. lawmakers saw it coming but didn't bother to pay attention until after the election. had they put politics aside and dealt with it earlier who knows how strong the economy would be right now. >> coming up, a five-days for a woman. she gets the news she has been waiting to hear on her missing teen daughter. >>> and we are taking a look back at the year. the most outstanding student athletes of the year. >>> those and more coming up at six. now a preview of world news at 6:30. >> coming up, american companies saying thank you. thank you america for make this a great made in america christmas. . >>> you have heard of downward facing dog? even if you haven't chances are your children have. we have more on the latest craze for children. yoga. >> reporter: some say yoga is the fattest growing sport in the nation with 20 million practicing regularly. the latest trend is an ever growing number are pint sized. >
. >> project that obama will be re-elected. >> the election was about social. >> spending cutting, about what kind role government should have in your life. >> number 1. the fiscal cliff. lawmakers saw it coming but didn't bother to pay attention until after the election. had they put politics aside and dealt with it earlier who knows how strong the economy would be right now. >> coming up, a five-days for a woman. she gets the news she has been waiting to hear on...
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Dec 26, 2012
12/12
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FOXNEWSW
tv
eye 199
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then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told obama if you want a trillion dollars in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could you say no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning now about how obama said i have no interesting in cutting spending, he's been lying for tw
then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told obama if you want a trillion dollars in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican...
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120
Dec 27, 2012
12/12
by
FBC
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eye 120
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then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could youay no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning nowbout how obama said i have no interesting in cutting spending, he's been lying for two mons
then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican...
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Dec 29, 2012
12/12
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CNNW
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it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should it be bigger or smaller? about whether we want lower taxes or more of a social safety net. so while we have seen the principles, the president, speaker boehner, and now senator mcconnell and reid trying to get involved in stages in the last few weeks, it has always broken down because they fundamentally disagree about the big ideas over the core of this debate. they're fighting between the two parties. and this could get resolved in a matter of days or weeks. but the big difference, the issues could really take months to work out. >> can it be resolved in the matter of few enough days that they
it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should...
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Jan 1, 2013
01/13
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KCSMMHZ
tv
eye 128
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that's far higher than obama's original proposal. they have yet to agree to suspend spending cuts. the democrat led senate is expected to pass the bill on new year's eve. the republican led house says it will not vote on the bill before the midnight deadline. members of congress are expected to work on a stop gap measure to prevent any serious fiscal impact. the fiscal cliff has become a term many people even outside the financial markets are talking about. if the u.s. economy falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines recently. here's a brief explanation. it's a term used to refer to the economic fallout that might occur because of policy divisions in the u.s. congress. if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but repub
that's far higher than obama's original proposal. they have yet to agree to suspend spending cuts. the democrat led senate is expected to pass the bill on new year's eve. the republican led house says it will not vote on the bill before the midnight deadline. members of congress are expected to work on a stop gap measure to prevent any serious fiscal impact. the fiscal cliff has become a term many people even outside the financial markets are talking about. if the u.s. economy falls off this...
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Dec 26, 2012
12/12
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CNNW
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eye 109
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more than just about obama and romney, it was about socialism and capitalism, spending and cutting, about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now. >>> next, scandal. can you guess who made our list because of bad behavior? >>> i'm victor blackwell at cnn world headquarters in atlanta. here's what's happening tonight. we're starting with this major christmas storm that's creating big problems right now across the south. look at this. it's a large tornado touching down earlier in mobile, alabama. there are reports of damage and tens of thousands without power. this extreme weather is moving towards the east coast. we'll bring you another update in the next hour. >>> new details tonight in the christmas eve ambush that took the lives of two firefighters. william spangler shot the men to death as they responded to an early-morning fire in w
more than just about obama and romney, it was about socialism and capitalism, spending and cutting, about what kind of role government should have in your life. >> number one is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now. >>> next, scandal. can you guess who made our list because of bad behavior?...
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165
Jan 1, 2013
01/13
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KRCB
tv
eye 165
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that's far higher than obama's original proposal. they have yet to agree to suspend spending cuts. the democrat led senate is expected to pass the bill on new year's eve. the republican led house says it will not vote on the bill before the midnight deadline. members of congress are expected to work on a stop gap measure to prevent any serious fiscal impact. the fiscal cliff has become a term many people even outside thfinancial markets are talking about. if the u.s. economy falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines recently. here's a brief explanation. it's a term used to refer to the economic fallout that might occur because of policy divisions in the u.s. congress. if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republi
that's far higher than obama's original proposal. they have yet to agree to suspend spending cuts. the democrat led senate is expected to pass the bill on new year's eve. the republican led house says it will not vote on the bill before the midnight deadline. members of congress are expected to work on a stop gap measure to prevent any serious fiscal impact. the fiscal cliff has become a term many people even outside thfinancial markets are talking about. if the u.s. economy falls off this...
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Dec 28, 2012
12/12
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FBC
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eye 129
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the big question is, president obama's increased spending a lot over the past four years. how will he get the revenue from that? is raising tax rates on the so-called rich enough to do it? no, it's not. it doesn't bring in enough money. one the ways he might do it is to squeeze the energy companies a little more. coming up, ceo of southern company, one of the most important guys in the universe will join us right here to say if he expects the big squeeze from the white house. >> i'm david asman with your fox business brief and here east one crisis averted anyway. unions representing dock workers and shippers reached a agreement delaying a strike that could have cripple the u.s. economy. longshoremen and maritime alliance agreed to postpone for 30 days. >>> this would mark the best year for the auto industry since 2007, but experts say the gains made in december could be overshadowed in january because of concerns about the fiscal cliff. >>> the chinese government announcing stiff new rules and requiring users to provide real names to service providers. the move place as gr
the big question is, president obama's increased spending a lot over the past four years. how will he get the revenue from that? is raising tax rates on the so-called rich enough to do it? no, it's not. it doesn't bring in enough money. one the ways he might do it is to squeeze the energy companies a little more. coming up, ceo of southern company, one of the most important guys in the universe will join us right here to say if he expects the big squeeze from the white house. >> i'm david...
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Jan 1, 2013
01/13
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is not out of the woods yet. >> president obama said the agreement fell short of what both sides wanted but that it was the right thing to do for the country. >> senators passed the bill with 89-8. after months of wrangling, lawmakers ended their deadlock. >> i know i can speak for my conference when i say we don't think taxes should go up on anyone. but if we knew if we did nothing they would be going up on everyone. >> the bill heads to the republican controlled house of representatives and could come to a vote later today but it is far from certain that it will pass. president obama urged members to back the deal though it falls short of what he originally sought. >> my preference would have been to solve all of the problems in the context of a larger agreement, bigger deal, a grand bargain, whatever you want to call it that solves our deficit problems in a responsible way. does not just deal with the taxes but deals with the spending so that we can put it behind us and focus on just growing our economy. >> the plan would permanently raise taxes on households making more than $450,00
is not out of the woods yet. >> president obama said the agreement fell short of what both sides wanted but that it was the right thing to do for the country. >> senators passed the bill with 89-8. after months of wrangling, lawmakers ended their deadlock. >> i know i can speak for my conference when i say we don't think taxes should go up on anyone. but if we knew if we did nothing they would be going up on everyone. >> the bill heads to the republican controlled house...
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Dec 27, 2012
12/12
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KRON
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obama and his cabinet are mixed. a new poll shows 52 percent of people surveyed approved of the president's performance while 43 percent disapprove. but as president joe biden's numbers are in line with the president. 54 percent approve of his job performance while 40 percent do not. first lady michelle obama has a 73 percent approval rating. all going secretary of state hillary clinton is also popular with a 66 percent approval rating. >> a new gallup poll shows a majority of americans supported stricter gun laws but most are against banning assault weapons. 58 percent of americans now say that they do support stricter gun laws. that is up from 43% in october 2011. 48% of the public say that they want to enforce current laws while 47 percent once the new legislation. the law to ban assault weapons which is backed by president obama has not gained much support since 2000 of 11 and october. 44 percent support the assault weapons ban what 51 percent are against it. >> education officials said santa cruz city schools ar
obama and his cabinet are mixed. a new poll shows 52 percent of people surveyed approved of the president's performance while 43 percent disapprove. but as president joe biden's numbers are in line with the president. 54 percent approve of his job performance while 40 percent do not. first lady michelle obama has a 73 percent approval rating. all going secretary of state hillary clinton is also popular with a 66 percent approval rating. >> a new gallup poll shows a majority of americans...
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Dec 27, 2012
12/12
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FOXNEWSW
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heather: simon, response to the part about spending cuts, and what is spending cuts is the obama administration talking about, guaranteed spending cuts? >> they already accepted a trillion dollars in domestic spending cuts in next 10 years. they put on the table additional cuts in medicare and social security not as much as republicans want but clearly they have moved on that. and i also think there will be substantial defense cuts, if we want to make a dent in the deficit. i mean this is the choice that is going to be in front of us. if, we have to do four things if we want to reduce the deficit. we have to get more revenue, we have to cut domestic spending, we have to trim and reform the health care programs in particular of medicare and medicaid and we have to cut defense. if we do all four of those things we can make significant down payment getting deficit under control. if we do some of them, the numbers are not there enough to make as much progress as we want. this is where mark and i agree. over next six to nine months we could see substantial progress towards smart fiscal policy in the
heather: simon, response to the part about spending cuts, and what is spending cuts is the obama administration talking about, guaranteed spending cuts? >> they already accepted a trillion dollars in domestic spending cuts in next 10 years. they put on the table additional cuts in medicare and social security not as much as republicans want but clearly they have moved on that. and i also think there will be substantial defense cuts, if we want to make a dent in the deficit. i mean this is...
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Dec 26, 2012
12/12
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KBCW
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the country is a week away from the tax increases and deep spending cuts that will be triggered without an agreement. the next move will likely fall on democratic senate leader harry reid who is crafting a package on his own. it would extend the bush era tax cuts for households making less than $250,000 a year including the short-term spending cuts. >>> and it is a scary statistic for the recent college graduates. the number of young californians with the degrees working in restaurants or the retail, they have nearly doubled over the last five years. cbs 5 reporter tells us that these are the same people who have expensive college loans to pay off. >> reporter: when you're shopping this holiday season, or eating out, take a look around. you might notice a lot more people under 30 working those jobs. according to the census bureau, there are about 260,000 young adults with college degrees in california, taking work and food service in retail because they can't get anything else. >> it's pretty sad now, yeah. >> reporter: graduating with a computer science degree. >> i graduated with my b
the country is a week away from the tax increases and deep spending cuts that will be triggered without an agreement. the next move will likely fall on democratic senate leader harry reid who is crafting a package on his own. it would extend the bush era tax cuts for households making less than $250,000 a year including the short-term spending cuts. >>> and it is a scary statistic for the recent college graduates. the number of young californians with the degrees working in restaurants...
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Dec 26, 2012
12/12
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FOXNEWSW
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obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boehner and president obama. are they going to meet? >> reporter: they might, gregg. the speaker is expec
obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not...
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Dec 28, 2012
12/12
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CSPAN
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i get tired of hearing obama was campaigning about we need to get a hold on spending. yet he comes back around with a $1.2 trillion budget. the other thing is harry reid has not voted on over 40 bills the republicans and put up there. he blames the republicans. i stopped you were supposed to bring bills up there and talk about them and vote on them. they have not passed a budget in over four years. why are they not being held responsible for that? guest: i think that's the beauty of being senate majority leader is you get to decide what comes to the floor and what does not. that's what makes him such a powerful figure. it's a complaint with your often from republican leaders in the house is the senate legislation that would help the deficit, in their view, would create more jobs, and the democrats incentive not acted. the democrats in the senate say they are partisan bills that don't have democratic support and we disagree with what their impact would be, so we are not going to vote on them. that's why the majority leader harry reid -- or senate leader harry reid will
i get tired of hearing obama was campaigning about we need to get a hold on spending. yet he comes back around with a $1.2 trillion budget. the other thing is harry reid has not voted on over 40 bills the republicans and put up there. he blames the republicans. i stopped you were supposed to bring bills up there and talk about them and vote on them. they have not passed a budget in over four years. why are they not being held responsible for that? guest: i think that's the beauty of being...
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Dec 24, 2012
12/12
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CNNW
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it may take up president obama's bare bones stopgap measure. that plan would block tax hikes for those earning $250,000. it would extend unemployment benefits to 2 million americans and put off spending cuts until the new year brings a new congress. our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't ev
it may take up president obama's bare bones stopgap measure. that plan would block tax hikes for those earning $250,000. it would extend unemployment benefits to 2 million americans and put off spending cuts until the new year brings a new congress. our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to...
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Dec 30, 2012
12/12
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WRC
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nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in part is doing the interview on "meet the press" because he wants to keep the pressure on republicans to get something done and made very clear in the course of the interview that there's a political cost to be paid if there is not a deal. you can see the full interview with the president from the white house tomorrow morning on "meet the press" at 10:30 right here on nbc 4. >>> some good news for former president george h.w. bush tonight. he's out of intensive care. the 88-year-old's been in the hospital for five weeks now. he was recovering from bronchitis last weekend when he developed a fever and was moved to the icu. the bush family released a statement today saying they're thankful for everyone's prayers and good wishes. >>> tomorrow is the big day for redskins fans. they face the cowboys of course with their division title on the line. jason is here as we gear up for tomorrow's make or break ga
nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in part is doing the interview on "meet the press" because he wants to keep the pressure on republicans to get something done and made very clear in the course of the interview that there's a political cost to be paid if there is not a deal. you can see the full interview with the president...
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Dec 27, 2012
12/12
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FOXNEWSW
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he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good thing you can say about reaching the debt limit is it's not a surprise. everybody has known this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not
he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good...
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Dec 24, 2012
12/12
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CSPAN
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president obama has a political capital. it is like money -- how do you spend it? he can spend it on helping our schools. he can spend it with regard to our affairs in the middle east. those are tough questions to answer. my priority is always education and our long term problems. i'm not a deficit hawk. people on both sides do bothwell. i don't understand the fuss about raising the age qualification for social security are medicare. and plead with the caps -- simply lift the caps. franklin roosevelt to not want to be called a socialist. if we just lived in those caps, we would delay -- i can remember the exact numbers. for several decades, anyway. i think that would be less painful than raising the qualified age. medicare is the toughest because of health care costs have been skyrocketing. our country's health care cost is rising faster than any other industrial nation. we don't have much coronation. obamacare had to be cobbled together to appease everybody. we have it and we should be focusing on ways to make our health care more efficient and i think we will. th
president obama has a political capital. it is like money -- how do you spend it? he can spend it on helping our schools. he can spend it with regard to our affairs in the middle east. those are tough questions to answer. my priority is always education and our long term problems. i'm not a deficit hawk. people on both sides do bothwell. i don't understand the fuss about raising the age qualification for social security are medicare. and plead with the caps -- simply lift the caps. franklin...
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Dec 27, 2012
12/12
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CNNW
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they could have had the more popular message about cutting deficit spending, right? >> the truth is they would have been better taking the deal that john boehner negotiated with president obama way back when. they missed the moment. i think the real fear is who pays the price. i think the republicans has a point but will pay the price and the real people that will pay the price are the americans, the middle class. it is crazy to put us through this. >> all of the focus on tax cuts but the revenue from increases the taxes on the wealthy will barely make a dment the deficit to say nothing of the trillions of dollars in debt we are talking about. it is a symbolic fight the president is determined to win off of his re-election. >> it is not symbolic. there will be money raised if the tacks for the top 2% are left to expire. let me bring up a point. no democrat and certainly not this president, has said there should be no spending cuts. on the contrary. this president has put on the table quite an extraordinary amount of spending cuts to the sh grin of many democrats, i m
they could have had the more popular message about cutting deficit spending, right? >> the truth is they would have been better taking the deal that john boehner negotiated with president obama way back when. they missed the moment. i think the real fear is who pays the price. i think the republicans has a point but will pay the price and the real people that will pay the price are the americans, the middle class. it is crazy to put us through this. >> all of the focus on tax cuts...
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Dec 26, 2012
12/12
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KPIX
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his plan would also include short-term spending cuts instead of long-term deals that have been sought. president obama will cut short his hawaiian vacation around return to washington today to take part in those negotiations. christmas day the president and first lady met with servicemembers and families. the president told marines he was grateful for their service and posed for pictures. >>> more bay area headlines. one of santa's helpers put in a little overtime on christmas but instead of a sleigh and reindeer, san jose postal worker nancy ray used this a mail truck. ray is carrying on a decades old tradition of delivering packages to people on christmas. this is the third year ray has put her sant suit. she started working in the san jose post office 20 years ago and said this is a job she always wanted. >> some books, two things of presents. >> a relatively new christmas tradition continues in richmond as hundreds showed up at the community center. volunteers handed out food, presents and warm clothes to the city's less fortunate. the program known as christmas in richmond was st
his plan would also include short-term spending cuts instead of long-term deals that have been sought. president obama will cut short his hawaiian vacation around return to washington today to take part in those negotiations. christmas day the president and first lady met with servicemembers and families. the president told marines he was grateful for their service and posed for pictures. >>> more bay area headlines. one of santa's helpers put in a little overtime on christmas but...
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Dec 29, 2012
12/12
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FBC
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again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though t
again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to...
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Dec 29, 2012
12/12
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WMAR
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many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> president david wilson may be getting a remove of sorts after a lengthy public meeting months announced it is negotiating to keep him on until june 2014. his current contract expires in june of 2013. it was a rough year with two shootings on campus. >>> the russian president signed a law banning americans from adopting russian children. a law that people say is heartbreaking and punishes no one but the children. one family says he just signed a death notice for thousands of orphans in his country. >> reporter: you may have heard of her, she won three gold medals and a bronze in this past summer's paraolympic games in london. reaching goals she would have never reached if she had not been adopted at age 6 by her mother deborah. >> she did not have a wheelchair. she crawled on the floor. she was very anemic and was not expected to l
many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> president david wilson may be getting a remove of sorts after a lengthy public meeting months announced it is negotiating to keep him on until june 2014. his current contract expires in june of 2013. it was a...
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Dec 30, 2012
12/12
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WUSA
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the obama administration has been keen to reform the nation's export control structure to boost exports as it curbs domestic military spending but getting that through a recalcitrant congress has been challenging. critics fear american technology into the wrong hands. that's a valid concern but blocking sales and strangling america's space industry is an even bigger threat. if you are not selling anything you are not controlling anything, either. working together republicans and democrats solved this problem. they should continue the system and tackle the nation's other problems. thanks for joining us for "this week in defense news." i'm vago muradian. you can watch on-line it at defensenewstv.com. before we go i would like to wish everybody a very happy new year. i'll be back next year at the same time. until then, have a great week. >>> patient centered research, is it more than a slogan. patient leaders rate their progress. i'm steve usdin. welcome to "biocentury this week." >>> your trusted source for biotechnology information and analysis, "biocentury this week." >>> it has blazed
the obama administration has been keen to reform the nation's export control structure to boost exports as it curbs domestic military spending but getting that through a recalcitrant congress has been challenging. critics fear american technology into the wrong hands. that's a valid concern but blocking sales and strangling america's space industry is an even bigger threat. if you are not selling anything you are not controlling anything, either. working together republicans and democrats...
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Dec 30, 2012
12/12
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FBC
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if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope you do. i give you one more step before you go. the amount of interest that we pay on the debt that china owes, owns of our debt is enough to pay for their entire military for the whole year. we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do is without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priori
if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope you do. i give you one more step before you go. the amount of interest that we pay on the debt that china owes, owns of our debt is enough to pay for their entire military for the whole year. we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows progressive...
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Dec 27, 2012
12/12
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CNNW
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>> what the. >> rob:s are concerned with most is this out-of-control spending. your point about tax increases, what we are looking at now, it is like a mortal wound to our chest. we have blood gushing out of our chest and president obama and the democrats come along and put a band-aid on our forehead, and we continue to have problems coming out of a different area, and they're not addressing the real problem. we need to attack the spending. if we give the president every tax increase that he wants, we have a trial dollar debt every year. >> and the president has addressed that. no one is saying that there should be no spending cuts. he has done that. >> david? >> ultimately, listen, guys, we've got to find a bridge to get across. >> absolutely. >> what are the ways that we can agree on that will help us through that. i would worry if we spend the next three or four days of a time of semi crisis for the country getting back in our fox holes and shoot across at each other. we have to come out of the fox holes. you know our international reputation is going to suff
>> what the. >> rob:s are concerned with most is this out-of-control spending. your point about tax increases, what we are looking at now, it is like a mortal wound to our chest. we have blood gushing out of our chest and president obama and the democrats come along and put a band-aid on our forehead, and we continue to have problems coming out of a different area, and they're not addressing the real problem. we need to attack the spending. if we give the president every tax...
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Dec 31, 2012
12/12
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FBC
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eye 131
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of something very close to a trillion dollars of defense cuts the first obama term. the extra cuts really go well beyond muscle. we are into bone. defense secretary panetta has made that clear. in the president's own defense secretary saying that our defense capabilities are being cut unacceptably, you know that is bad. and let me just say, this is not a matter of been counting. this goes to the ability of america to sustain the international order that our economy rests on. you're not going to have sustained prosperity in the united states if the united states can provide whatever minimal order there is in the world today. that's the direction we're heading in. gerri: what's going to happen as a practical matter, laos, people, a machine. what will get cut? >> if the sequestration goes through over the long term, obviously the worst thing that will happen will be our inability to procure the sophisticated and expensive weapons system that we need. in the short term on sure there will try personnel layoffs to mitigate the effect of it, but it is unpleasant either way.
of something very close to a trillion dollars of defense cuts the first obama term. the extra cuts really go well beyond muscle. we are into bone. defense secretary panetta has made that clear. in the president's own defense secretary saying that our defense capabilities are being cut unacceptably, you know that is bad. and let me just say, this is not a matter of been counting. this goes to the ability of america to sustain the international order that our economy rests on. you're not going to...
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Dec 30, 2012
12/12
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MSNBCW
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eye 224
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if they can both come forward a little bit more, president obama more on spending reductions including entitlement reform, he did do some and mr. boehner, speaker boehner coming forward not just $1 million having a tax raise, those earning $400,000 to $500,000, you can get the grand bargain. it's not what we are talking today. get the fiscal cliff to where you change the scale to a bunny slope, where the skier can pick up speed, accelerate the economy up to 3%, only reducing the debt reduction down 200 billion. then with the surging economy, you get $3 trillion in february before the debt limit is broken, then the economy is so strong it can take the grand compromise and roar into the next nine years. that's the grand compromise. >> i heard you use that reference of the bunny slope. we are about to hit the bunny slope as opposed to the fiscal cliff. this is from an article in the washington post. if an agreement is reached, taxes would go up a bit for the wealthy. there would be no changes to entitlement programs, medicare, social security, no grand strategy to race cash through a tax
if they can both come forward a little bit more, president obama more on spending reductions including entitlement reform, he did do some and mr. boehner, speaker boehner coming forward not just $1 million having a tax raise, those earning $400,000 to $500,000, you can get the grand bargain. it's not what we are talking today. get the fiscal cliff to where you change the scale to a bunny slope, where the skier can pick up speed, accelerate the economy up to 3%, only reducing the debt reduction...
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Jan 1, 2013
01/13
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LINKTV
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congress will not vote by the midnight deadline to avoid spending cuts and tax hikes due on january 1. talks will resume on tuesday. earlier, barack obama said an agreement to avoid this was in sight. >> for now, our most immediate priority is to stop taxes from going up for middle-class families starting tomorrow. i think that is a modest goal that we can accomplish. democrats and republicans in congress have to get this done, but they are not there yet. they are close, but they are not there yet, and one thing we can count on with respect to this congress, if there is even one second left before you have to do what you need to do, they will use that second. >> it is too bad he does not spend as much time solving problems as he does with campaigns and pep rallies. i will say i am very disappointed with what the president had to say. i want to go on record to say that it is unacceptable to pay for the sequestered revenues. >> we are joined live from washington, d.c. if this deal is so close, why has congress not signed off on it? >> well, you always have to remember there are two hous
congress will not vote by the midnight deadline to avoid spending cuts and tax hikes due on january 1. talks will resume on tuesday. earlier, barack obama said an agreement to avoid this was in sight. >> for now, our most immediate priority is to stop taxes from going up for middle-class families starting tomorrow. i think that is a modest goal that we can accomplish. democrats and republicans in congress have to get this done, but they are not there yet. they are close, but they are not...
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Dec 31, 2012
12/12
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and spending cuts. so there is a lot to be resolved here in the next few hours. >> too bad we only found out about this, you know, yesterday or the day before. 517 days they've had to work out the details and now we're talking about them all. brianna, we'll be busy today and may be ringing in the new year together. brianna keilar in washington. >>> a ball dropping in washington, a ball dropping in times square it looks like we'll go off the fiscal cliff. here's what it means to you. your paycheck will shrink. the payroll tax holiday is likely going away, for someone making $50,000 a year, it means $80 out of your paycheck. taxes will rise for 90% of americans by about 2,000 a year for those making between $40,000 and $60,000. making six figures? taxes go up by $13,000 if congress doesn't act. and the hit that families will take. four tax credits in danger of disappeared. four family tax credits, including earned income tax credit, close to $6,000 families for families making $50,000. american opportunit
and spending cuts. so there is a lot to be resolved here in the next few hours. >> too bad we only found out about this, you know, yesterday or the day before. 517 days they've had to work out the details and now we're talking about them all. brianna, we'll be busy today and may be ringing in the new year together. brianna keilar in washington. >>> a ball dropping in washington, a ball dropping in times square it looks like we'll go off the fiscal cliff. here's what it means to...
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Dec 27, 2012
12/12
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FOXNEWSW
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president obama believed and the democrats believe they have a mandate after the election. now, a mandate, you know, depends what you call a mandate. the election was not really close, but it wasn't also a grand slam for the democrats either. so there's a real difference in who -- what the mandate is here. and democrats don't feel they need to compromise. i think they think if we go over the fiscal cliff, they will have even stronger negotiating power. that remains to be seen because oftentimes when taxes go up and there is something that hits the economy really hard and puts it into a tailspin, it's the president who takes the blame. so i think even the president is wondering who's going to foot the blame for this one. but at this point i think the democrats feel they have the upper hand at this moment. if they hold tight, they will force the republicans to capitulate. i don't see that happening. i think both sides are really going to have to give in before we get a final deal. jon: so we'll have to see, you know, which side wins the battle of public opinion or which of th
president obama believed and the democrats believe they have a mandate after the election. now, a mandate, you know, depends what you call a mandate. the election was not really close, but it wasn't also a grand slam for the democrats either. so there's a real difference in who -- what the mandate is here. and democrats don't feel they need to compromise. i think they think if we go over the fiscal cliff, they will have even stronger negotiating power. that remains to be seen because oftentimes...